Business process management firm Hinduja Global Solutions ltd. (HGS:NSI) announced Sunday it is acquiring a 100% state in Diversify Offshore Staffing Solutions Pty. Ltd., a Brisbane-based provider of outsourcing and offshoring services in the Philippines.

Diversify has more than 50 clients, who are primarily based in Australia.

HGS is paying AUD 40 million (USD 27.9 million) in cash plus an earn-out. Diversify posted revenue of AUD 20.68 million (USD 15.6 million) in its fiscal year ended June 2021.

“ANZ is a very attractive market for high-growth, value-added and margin-accretive businesses,” said Partha Desarkar, executive director and group CEO of HGS. “As a result of this partnership, a large number of experienced domain experts in verticals such as professional services, retail and telecommunications will soon become a part of HGS.”

The deal adds more than 1,000 employees and four delivery centres in the Philippines to HGS.

Hinduja is based in Bangalore, India, and provides business process outsourcing, including call center operations and back-office operations.